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Cannabis oil health food and drinks on a high

Irish companies are hoping to cash in on the increased popularity of cannabidiol (CBD), offering products ranging from CBD-infused chocolate to natural juices.

A variety of health claims have been made about the cannabis plant extract, prompting companies such as Coca-Cola to consider infusing their products with CBD. According to a report jointly authored by global market research outfits Technavio and Research and Markets, the CBD oil industry is already worth €595m globally but is set to grow to €2.3bn by 2022.

Michael Donegan, owner of the Beneficial Chocolate Company, is releasing a CBD-infused dark chocolate this week, costing between €9 and €12 for a standard size 56g bar. “Everybody is looking for the next big thing,” he said. “I saw the potential of this…